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Why in the News? The Periodic Labour Force Survey (PLFS) from July 2023 to June 2024 shows that India’s unemployment rate (UR) remains unchanged at 3.2%, similar to the previous year. Despite a slight increase in agricultural workforce participation, manufacturing employment shows no growth. Workforce Participation Increases: The Labour Force Participation Rate (LFPR) rose in …
Read MoreWhy in the news? India remains Nepal’s largest trading partner. Nepal’s trade deficit reached NPR 237.45 billion by mid-September 2024-25. Nepal maintains trade relations with 145 countries but has trade deficits with over Major Trade Deficits: Nepal’s largest trade deficits are with India (NPR 144.67 billion) and China (NPR 51.80 billion). India and China are …
Read MoreSyllabus: GS 3: Employment and Economic Growth Indian Economy and Issues. Focus: India’s jobs growth conundrum has attracted focus for the incredible rate of Gross Domestic Product (GDP) growth and the slow rate of employment generation. Talking of economic performance, it remains strong but unemployment increases as well, leading to debates on ways to encourage …
Read MoreWhy in the news? Moody’s recently revised its growth estimate for India for the year 2024 to 7%, the rate of growth could be even higher in case of increased private consumption rates. About India’s GDP Growth Forecast:About India’s GDP Growth Forecast: Revised Forecasts: Moody has also adjusted upward the GDP growth of India in …
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